A Reward-Based Community Platform
KickCity is a social network and marketing platform fueled by reward-based cryptocurrency incentives called KICK tokens. It functions just like Facebook in that you can create your profiles, your own events, and your own groups. What sets KickCity apart is that users can earn KICK tokens as reward by participating 2 areas:
- Event Hosting and Promotion
- Building Networks Through Group Communities
Event Hosting
https://www.pexels.com/photo/lights-party-dancing-music-2143/
Let’s say Stacy is an Event Organizer for an up and coming band and decides to utilize the KickCity platform. Stacy first needs to create an event page on KickCity.io where she can execute ticket sales as well as advertise the event. There are two specific ways KickCity users can earn KICKs through this event:
- Users are rewarded KICKs when they help promote the event. They can do this by inviting other KickCity users to the event or using a unique promo url to invite people outside the platform.
- People who buy tickets are also rewarded KICKS. This is an added incentive to buy on their platform as opposed to Ticketmaster.
https://drive.google.com/open?id=0Bz7QOwJcw8CcemdSaWZ6U09MdTg
Where Does The KICK Come From?
When Rachel first launches the event, she will have to fund a pool of KICK herself. She has 3 ways do this:
- Buy KICK tokens off an exchange herself.
- Set aside a small percentage of her ticket sales to automatically buy KICK.
- Crowdfund the event.
But Why Use KickCity?
- Marketing through the Cost-Per-Click model is notoriously ineffective with low conversion rates. KICK tokens act as incentives for promoters and KickCity members to actively do the marketing for you.
- The average credit card processing fee is around 1.90% plus a $0.10 per transaction. This can easily cut into profits with every transaction. KickCity removes the middleman and offers tickets directly to buyers through smart contracts. They are able to do this with Fiat, Ethereum, Bitcoin, Waves, and KICK on their platform.
Group Communities
Photo by Climate KIC on Unsplash
In the KickCity platform, you will be able to create groups, chats, and communities. All of these have the option to either be open or private. However, in order to join a private group, you need to first be invited and also pay a fee with KICK that is set by the Group Creator. It is important to note that a 2% of this fee will go directly back a KICK reserve to facilitate the growth of KickCity.
The idea behind this buy-in model is to create value-based communities built on trust. When you buy into a group, you are buying into the specialized knowledge, networking, and reputation of the group. In other words, you are buying the value the community has created.
For some perspective, this buy-in format is actually a growing businesses model among Medium publications such as The Writing Cooperative which offer users access to their slack channel by paying $2 a month.
What is KickCity’s End Game?
KickCity’s long term vision is three-fold:
- To dominate the event-hosting market with KICK as the universal token across all event platforms.
- To become the platform of choice for quick, efficient, and low-cost crowd funding.
- To be a value-based social network specifically for cryptocurrency communities. The reason for this is because KickCity developers firmly believe that blockchain based communities will be the future for social interactions of trust.
So What’s Next?
KickCity is still a developing product and is slated to go through an ICO in Q4 of 2017. However, it is lightyears ahead of other ICO’s because it has a profitable proof of concept to offer its investors. For example, KickCity.io has hosted over 2,000 events (free & paid) with more than 350,000 participants. This product is also available in Houston(USA), Moscow, Saint Petersburg (Russia), Helsinki (Finland) and will be launching in Paris(France) and Dubai (UAE) soon.
You can join their private ICO by signing up on their website. You can also download their whitepaper here.
Token Launch Summary
- Target: USD 12.5 Million;
- Launch date: October 2017 (exact date TBA)
- Token launch time-frame: 30 days
- USD 1.00 = 10 KICK;
- Special conditions for contributing more than 1000 ETH (please email them directly)
- Discounts and bounties will be announced closer to the ICO date.
- 160 million smart tokens will be available for crowdsale
- They will accept: Bitcoin, Ethereum, Litecoin and Waves.
Post-ICO Budget Allocation
*1 Billion KICKs will be created. 500,000,000 will be reserved for future fundraising opportunities. 1,600,000 will be distributed in the initial ICO.
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